Last C$0.22 CAD
Change Today +0.015 / 7.32%
Volume 20.5K
As of 2:56 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

dundee energy ltd (DEN) Snapshot

Open
C$0.22
Previous Close
C$0.21
Day High
C$0.22
Day Low
C$0.21
52 Week High
07/29/13 - C$0.55
52 Week Low
06/27/14 - C$0.18
Market Cap
41.4M
Average Volume 10 Days
110.1K
EPS TTM
C$0.01
Shares Outstanding
188.2M
EX-Date
--
P/E TM
18.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for DUNDEE ENERGY LTD (DEN)

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dundee energy ltd (DEN) Details

Dundee Energy Limited, together with its subsidiaries, explores, develops, produces, and markets oil and natural gas in southern Ontario, Canada. The company owns a 95% working interest in 80,000 acres of onshore oil properties; and a 85% working interest in 695,000 gross acres of offshore gas properties located in Lake Erie in southern Ontario, as well as in other assets. It also holds a 24.6% interest in the Castor offshore underground natural gas storage facility in Spain. The company was formerly known as Eurogas Corporation and changed its name to Dundee Energy Limited in June 2011. Dundee Energy Limited was incorporated in 1983 and is headquartered in Toronto, Canada.

36 Employees
Last Reported Date: 03/17/14
Founded in 1983

dundee energy ltd (DEN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$125.0K
Chief Financial Officer
Total Annual Compensation: --
President of Dundee Oil & Gas Limited
Total Annual Compensation: --
Vice President
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

dundee energy ltd (DEN) Key Developments

Dundee Energy Limited Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Capital Expenditure Guidance for the Year 2014

Dundee Energy Limited reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company reported net earnings attributable to owners of the parent were $3.2 million, compared with a net loss attributable to owners of the parent of $1.1 million incurred during the same period of the prior year. Revenues, before royalty interests, earned from oil and natural gas sales were $15.0 million, a significant increase over the $8.7 million of revenues earned during the first quarter of the prior year. The increase in revenues resulted primarily from substantial improvements in commodity prices, offset marginally by lower production volumes. Capital expenditures were $1.5 million. For the quarter, the company reported production volumes during the three months ended March 31, 2014 averaged 8,485 Mcf/d of natural gas and 562 bbls/d of oil and liquids, a decrease from 9,093 Mcf/d of natural gas and 640 bbls/d of oil and liquids during the first quarter of the prior year. Field netbacks during the three months ended March 31, 2014, before realized amounts related to risk management contracts, were $8.89/Mcf compared to $1.85/Mcf for the same three months ended March 31, 2013 from natural gas and $60.70/bbl compared to $52.10/bbl for the same three months ended March 31, 2013 from oil and liquids. The corporation anticipates capital expenditures spending $6.6 million on the remainder of its 2014 work program. Approximately $4.9 million will be directed towards exploration and optimization of its oil fields in southern Ontario; a further $0.5 million will be directed towards the corporation's offshore natural gas assets; and, approximately $1.2 million will be incurred to acquire or maintain mineral rights for both producing and undeveloped properties.

Dundee Seeks Acquisitions

Dundee Energy Limited (TSX:DEN) seeks acquisitions. Dundee anticipates spending $6.6-million on the rest of its 2014 work program. Approximately $4.9-million will be directed toward exploration and optimization of its oil fields in Southern Ontario, a further $0.5 million will be directed toward the corporation's offshore natural gas assets, and approximately $1.2-million will be incurred to acquire or maintain mineral rights for both producing and undeveloped properties.

Dundee Energy Limited, Annual General Meeting, Jun 24, 2014

Dundee Energy Limited, Annual General Meeting, Jun 24, 2014., at 15:00 Eastern Daylight. Location: Main Boardroom, Suite 2100. Agenda: To receive the audited consolidated financial statements of the company for the financial year ended December 31, 2013 together with the auditors' report thereon; to appoint PricewaterhouseCoopers LLP as the auditor of the company for the ensuing year and to authorize the directors to fix the remuneration of the auditor; to elect directors of the company for the ensuing year; and to transact such other business as may properly come before the meeting or any adjournment thereof.

 

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Price/Sales 1.0x
Price/Book 0.6x
Price/Cash Flow 2.9x
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